Announced Fri, 3 Jul · 21:40 IST
Subsidiary EBPL withdraws Rs 138 cr Assam plant CAPEX plan
Fund Raising View source PDF
EVERESTIND · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹493.40
prior close
₹485.00
base price
After-mkt
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-0.6———-0.6-5.2-2.1-0.3+4.4+4.4+10.4———
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AI summary
Everest Industries' wholly owned subsidiary EBPL has withdrawn its Rs 138 crore CAPEX plan to set up a new Fibre Cement Boards plant at Matia, Goalpara, Assam. EBPL had invested Rs 10.90 crore on land at the site via Assam Industrial Development Corporation. The board reassessed feasibility and decided to surrender the land. Company states the decision will not adversely impact financials.
Likely market impact
Minor neutral to slightly positive — Rs 10.9 cr sunk cost on land to be recovered via surrender, no financial hit expected.